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The balance sheet lists all the entity's assets, liabilities, and owner's equity as of a specific date.
No-fault Divorce
A divorce procedure that does not require the petitioner to prove wrongdoing on the part of the other spouse.
Marital Dissolution
The official termination of a marriage through legal processes, commonly referred to as divorce.
Initiate Divorce
The act of legally dissolving a marriage, typically initiated by one of the spouses.
Legal Divorce
The formal dissolution of a marriage by a court or other competent body, legally freeing each spouse to remarry if they choose.
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